ASAT Holdings Limited Announces Resignation of Certain Directors

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  Published in Science and Technology on Tuesday, January 5th 2010 at 6:51 GMT by Market Wire
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ASAT Holdings Limited Announces Resignation of Certain Directors -- HONG KONG, DONGGUAN, China and MILPITAS, Calif., Jan. 5 /PRNewswire-FirstCall/ --

ASAT Holdings Limited Announces Resignation of Certain Directors

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HONG KONG, DONGGUAN, China and MILPITAS, Calif., Jan. 5 /PRNewswire-FirstCall/ -- ASAT Holdings Limited (Pink Sheets: ASTTY) (the "Company"), a global provider of semiconductor package design, assembly and test services, announces that Simon Bell, Peter Hopper and Kei W. Chua, appointees of funds managed by J.P. Morgan Partners Asia LDC (the "JPMP Funds") to the Board of Directors of the Company, have resigned as Directors effective as of December 30, 2009. These former Directors have informed the Company that their resignations result from potential conflicts of interest which may arise as employees and/or representatives of the JPMP Funds, which as creditors of the Company have an interest in the proceeds of the sale of the assets of the Company.

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About ASAT Holdings Limited

ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 20 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today, the Company has operations in the United States, Asia and Europe. For more information, visit [ www.asat.com ].

SOURCE ASAT Holdings Limited

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